Merchant Acquires Stake in Miracle Mile

INVESTMENT MANAGEMENT DEALS BLOG

January 21, 2021

On December 17, 2020, Merchant Investment Management, LLC announced that it partnered with Miracle Mile Advisors.

Under the terms of the agreement, Merchant Investment Management, LLC (“Merchant”) formed a partnership with Miracle Mile Advisors (“Miracle”), which included a minority equity investment in Miracle by Merchant. Further terms of the agreement were not disclosed.

Merchant, based in New York, is a private partnership providing growth capital, management resources, strategic opportunities and direction to independent financial services companies, particularly those focused on wealth and asset management.

Miracle, based in California, is an independent investment advisory firm. Miracle has $2 billion in assets under management.

To read the press release: please click here.